Worried about where we will live

[ponderingisgood]

House is currently being sold and we are due our first joint mediation session next week.

My intention was to rent and take my time to buy somewhere for myself and DC however I've just had the horrible realisation that my income is not going to be enough to meet the income referencing checks.
Even though I will receive a substantial amount from the house equity and will hopefully buy mortgage free, my income is not considered enough.

I am now panicking, our sale has progressed really quickly and we are looking at exchanging in the next 4 weeks.
Terrified I will end up homeless whereas ex can move into his parents large house

Corporate lets, or come the office season, a holiday cottage?

The only longer term holiday lets round here are insane amounts of money

Could you afford to pay rent upfront for 6/12 months to appease the financial requirements? Then put money away each month to top up the 'house purchase' funds instead?

This may be a potential option? Landlords may overlook the income referencing as no financial risk to them if paid in full?

May be worth having a chat with a letting agent to get their views?

Hadn't thought of that, thank you. I will contact some agents and sound them out.

Spoke to agent,

regardless of offering money upfront most landlords remain reluctant t to accept tennants in my position. With eviction legislation being so tight even if I paid a year in advance there would still be a concern about where day 366 rent would come from.

Demand far outstrips supply round here

Can you get someone as guarantor? Would you ex? If it's to help house his children.

That is such a shame. If they’re only offering a 12 month lease though and you’re able to satisfy it in full then I think it’s a stupid rule. There’s no guarantee that you'd continue on with the lease after the 12 months anyway so would only be an issue at that point and circumstances may be different then. I’d try a different letting agent 😂